XTX Topco Ltd Acquires New Shares in Flywire Co. (NASDAQ:FLYW)

XTX Topco Ltd bought a new position in shares of Flywire Co. (NASDAQ:FLYW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 28,363 shares of the company's stock, valued at approximately $585,000.

Several other hedge funds and other institutional investors have also bought and sold shares of FLYW. Barclays PLC lifted its position in Flywire by 8.7% during the fourth quarter. Barclays PLC now owns 214,757 shares of the company's stock valued at $4,427,000 after acquiring an additional 17,264 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in Flywire by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 12,634 shares of the company's stock worth $261,000 after buying an additional 802 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Flywire during the 4th quarter valued at about $35,579,000. Renaissance Group LLC raised its stake in Flywire by 29.1% in the fourth quarter. Renaissance Group LLC now owns 201,592 shares of the company's stock valued at $4,157,000 after buying an additional 45,401 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Flywire by 292.1% in the fourth quarter. Renaissance Technologies LLC now owns 254,400 shares of the company's stock worth $5,246,000 after acquiring an additional 189,521 shares in the last quarter. Institutional investors own 95.90% of the company's stock.

Flywire Price Performance

NASDAQ FLYW traded up $0.01 on Friday, hitting $8.83. The company had a trading volume of 730,539 shares, compared to its average volume of 1,711,573. The company's fifty day moving average price is $10.69 and its 200-day moving average price is $16.66. The company has a market capitalization of $1.09 billion, a PE ratio of 58.87, a PEG ratio of 1.41 and a beta of 1.22. Flywire Co. has a 12-month low of $8.20 and a 12-month high of $23.40.

Flywire (NASDAQ:FLYW - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.11). The company had revenue of $112.80 million for the quarter, compared to analysts' expectations of $118.85 million. Flywire had a return on equity of 2.49% and a net margin of 4.23%. On average, sell-side analysts anticipate that Flywire Co. will post 0.14 EPS for the current year.

Insider Activity at Flywire

In other Flywire news, General Counsel Peter Butterfield sold 5,523 shares of the stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $10.08, for a total value of $55,671.84. Following the completion of the sale, the general counsel now owns 247,561 shares in the company, valued at approximately $2,495,414.88. This represents a 2.18 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gretchen Howard acquired 8,889 shares of Flywire stock in a transaction that occurred on Thursday, February 27th. The shares were bought at an average price of $10.94 per share, for a total transaction of $97,245.66. Following the transaction, the director now owns 30,770 shares of the company's stock, valued at $336,623.80. This represents a 40.62 % increase in their position. The disclosure for this purchase can be found here. 3.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FLYW. Royal Bank of Canada cut their target price on Flywire from $25.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Seaport Res Ptn lowered Flywire from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded Flywire from a "buy" rating to a "hold" rating and decreased their target price for the stock from $26.00 to $16.00 in a report on Wednesday, February 26th. UBS Group lowered shares of Flywire from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $25.00 to $15.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Flywire from $15.00 to $11.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.00.

Flywire Company Profile

Flywire Corporation, together with its subsidiaries, operates as a payments enablement and software company in the United States and internationally. Its payment platform and network, and vertical-specific software help clients to get paid and help their customers to pay. The company's platform facilitates payment flows across multiple currencies, payment types, and payment options, as well as provides direct connections to alternative payment methods, such as Alipay, Boleto, PayPal/Venmo, and Trustly.